Family of Iceland president's wife tied to 'Panama Papers'

Iceland’s president on Monday denied knowing that his wife’s family had offshore investments which were revealed in the “Panama Papers” leak following revelations in the Icelandic media. Olafur Ragnar Grimsson, 72, who has been president since 1996, confirmed last week that he would seek another term as president in June’s election. The case could prove embarrassing for Grimsson who has made a virtue of his integrity and assured US broadcaster CNN on Friday that neither he or his family would be linked to the Panama Papers leak of millions of financial records.